About Simplify Credit Advisory Private Limited
Data last updated:
Simplify Credit Advisory Private Limited was a private limited company based in Navi Mumbai, Maharashtra, India, operated as a subsidiary of Snapmint Credit Advisory Private Limited. The company has been struck off by the Registrar of Companies, typically due to non-filing of annual returns or failure to commence business. It is no longer operational and cannot enter into any legal contracts or agreements. It operated in the computer programming segment of the technology and IT services sector. It was incorporated on 13 October 2015.
The company was registered with the Registrar of Companies (ROC), Mumbai, under CIN U65923MH2015PTC269227. The company has 1 GST registration on record, which is no longer active.
The company had an authorised share capital of ₹25 Lakh and a paid-up capital of ₹5 Lakh. It was led by directors Nalin Sunil Agrawal and Anil Gelra Kumar.
Its last annual general meeting (AGM) was held on 30 September 2023, and its latest financial statements are for the year ended 31 March 2023. The registered office was at Unit No – 205 Building No.3 Sector – 3 Millennium Business Park Mahape, Navi Mumbai, Maharashtra, India – 400710.
As per the financials filed for FY 2023, the company reported a revenue of ₹2.04 Lakh, a decline of 38% compared to the previous year. For the same year it recorded a net profit of ₹51,711 (net margin 25.4%) and EBITDA of ₹55,861 (EBITDA margin 27.4%). Revenue has declined at a compounded annual rate (CAGR) of 39% over three years and 29% over five years.
The company has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in March 2019. Its 10 peer companies in the Ecommerce and Internet industry (Finance) are compared by revenue, 5 larger and 5 smaller; the largest is Iil Digital Private Limited with revenue of ₹2.05 Lakh.
The last known website on record is snapmint.com.
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- Website
- Social Media
- Registered AddressUnit No – 205 Building No.3 Sector – 3 Millennium Business Park Mahape, Navi Mumbai, Maharashtra, India – 400710
- IndustryInformation Technology, Computer Programming, Consultancy
- Company details, directors and signatories
- Historical financials and ratios
- Shareholding pattern and group structure
- Charges with holder and property details
- Legal cases, compliance and MCA filings
- One PDF report, delivered after checkout
Business Activity of Simplify Credit Advisory Private Limited
The main business activity of Simplify Credit Advisory is information and communication. In detail, this covers computer programming, consultancy and related activities.
| Main Activity Group Code | Description of Main Activity | Business Activity Code | Description of Business Activity | Turnover Percentage |
|---|---|---|---|---|
| J | Information and communication | J6 | Computer programming, consultancy and related activities | Locked |
Business activity turnover details
Turnover share and past changes in activity are in the company report.
- Turnover contribution
- Historical classifications
- Filing-level activity changes
Verified entity values are shown only after access is granted.
Financials of Simplify Credit Advisory Private Limited FY 2023 filings available
Simplify Credit Advisory Private Limited reported revenue of ₹2.04 Lakh (down 38% YoY) for FY 2023.
Compounded Annual Growth Rate (CAGR) of Simplify Credit Advisory Private Limited
Revenue has declined at a compounded annual rate (CAGR) of 29% over five years, including a 38% fall in the latest year. EBITDA fell 79% in the latest year. Three- and five-year figures are compounded annual growth rates (CAGR): the steady yearly rate that links the first and the last year. All are worked out from the filed statements.
Financial Statement Summary of Simplify Credit Advisory Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profit and Loss Statement | |||||
| Revenue from Operations | ₹2.04 Lakh | •••• | •••• | •••• | •••• |
| Other Income | •••• | •••• | •••• | •••• | •••• |
| Total Revenue | •••• | •••• | •••• | •••• | •••• |
| Cost of Materials Consumed | •••• | •••• | •••• | •••• | •••• |
| Employee Benefit Expense | •••• | •••• | •••• | •••• | •••• |
| Finance Costs | •••• | •••• | •••• | •••• | •••• |
| Depreciation and Amortisation | •••• | •••• | •••• | •••• | •••• |
| Other Expenses | •••• | •••• | •••• | •••• | •••• |
| Total Expenses | •••• | •••• | •••• | •••• | •••• |
| EBITDA | ₹55,861 | •••• | •••• | •••• | •••• |
| Profit Before Tax | •••• | •••• | •••• | •••• | •••• |
| Tax Expense | •••• | •••• | •••• | •••• | •••• |
| Net Profit (PAT) | ₹51,711 | •••• | •••• | •••• | •••• |
| Balance Sheet | |||||
| Share Capital | •••• | •••• | •••• | •••• | •••• |
| Reserves and Surplus | •••• | •••• | •••• | •••• | •••• |
| Net Worth (Total Equity) | •••• | •••• | •••• | •••• | •••• |
| Long-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Short-term Borrowings | •••• | •••• | •••• | •••• | •••• |
| Trade Payables | •••• | •••• | •••• | •••• | •••• |
| Total Liabilities | •••• | •••• | •••• | •••• | •••• |
| Fixed Assets | •••• | •••• | •••• | •••• | •••• |
| Investments | •••• | •••• | •••• | •••• | •••• |
| Inventories | •••• | •••• | •••• | •••• | •••• |
| Trade Receivables | •••• | •••• | •••• | •••• | •••• |
| Cash and Bank Balance | •••• | •••• | •••• | •••• | •••• |
| Total Assets | •••• | •••• | •••• | •••• | •••• |
Financial Ratios of Simplify Credit Advisory Private Limited
| Metrics | FY 2022-23 | FY 2021-22 | FY 2020-21 | FY 2019-20 | FY 2018-19 |
|---|---|---|---|---|---|
| Profitability | |||||
| EBITDA Margin | 27.4% | •••• | •••• | •••• | •••• |
| Net Profit Margin | 25.4% | •••• | •••• | •••• | •••• |
| Return on Equity (ROE) | •••• | •••• | •••• | •••• | •••• |
| Return on Capital Employed (ROCE) | •••• | •••• | •••• | •••• | •••• |
| Return on Assets (ROA) | •••• | •••• | •••• | •••• | •••• |
| Liquidity and Debt | |||||
| Current Ratio | •••• | •••• | •••• | •••• | •••• |
| Quick Ratio | •••• | •••• | •••• | •••• | •••• |
| Debt-to-Equity Ratio | •••• | •••• | •••• | •••• | •••• |
| Interest Coverage Ratio | •••• | •••• | •••• | •••• | •••• |
| Efficiency and Growth | |||||
| Asset Turnover | •••• | •••• | •••• | •••• | •••• |
| Receivable Days | •••• | •••• | •••• | •••• | •••• |
| Payable Days | •••• | •••• | •••• | •••• | •••• |
| Inventory Days | •••• | •••• | •••• | •••• | •••• |
| Revenue Growth | •••• | •••• | •••• | •••• | •••• |
| Net Profit Growth | •••• | •••• | •••• | •••• | •••• |
Paid data: the figures shown as dots are available after purchase of the company report. Figures as filed with the MCA in Form AOC-4. The full year-wise statements and ratios of Simplify Credit Advisory are in the company report.
Financial statements from FY 2016
Earlier years and trend charts are in the company report.
- Income statements
- Balance sheets
- Cash-flow statements
- Ratios and benchmarks
Verified entity values are shown only after access is granted.
Peer Comparison of Simplify Credit Advisory Private Limited
Simplify Credit Advisory Private Limited is compared with the companies closest to it by revenue in the Ecommerce and Internet industry (Finance). Net profit, margin and employee counts of each company are in the company report.
| Company | Revenue | Net profit | Margin | Growth (1 yr) | Employees | Location |
|---|---|---|---|---|---|---|
| Iil Digital Private Limited | ₹2.05 Lakh (FY 2025) | •••• | •••• | •••• | New Delhi, Delhi, India | |
| BN Finance and Investments Pvt Ltd | ₹2.05 Lakh (FY 2025) | •••• | •••• | -50.0% | •••• | Hyderabad, Telangana, India |
| Uddhav Leasing and Finance Private Limited | ₹2.05 Lakh (FY 2025) | •••• | •••• | -1.0% | •••• | New Delhi, Delhi, India |
| Exquisite Capital & Finance Private Limited | ₹2.04 Lakh (FY 2025) | •••• | •••• | 4.0% | •••• | New Delhi, Delhi, India |
| Covernest Insurance Web Aggregator Private Limited | ₹2.04 Lakh (FY 2024) | •••• | •••• | -56.0% | •••• | Chennai, Tamil Nadu, India |
| Simplify Credit Advisory Private Limited this company | ₹2.04 Lakh (FY 2023) | •••• | •••• | -38.0% | •••• | Navi Mumbai, Maharashtra, India |
| Sethia Finance Private Limited | ₹2.02 Lakh (FY 2025) | •••• | •••• | 3.0% | •••• | Chennai, Tamil Nadu, India |
| Suashish Finance Limited | ₹2.02 Lakh (FY 2025) | •••• | •••• | -33.0% | •••• | Borivlai East, Maharashtra, India |
| DWG Finance Private Limited | ₹2.02 Lakh (FY 2025) | •••• | •••• | •••• | Thane, Maharashtra, India | |
| Dasnavis Finance Private Limited | ₹2.02 Lakh (FY 2024) | •••• | •••• | •••• | Tuticorin, Tamil Nadu, India | |
| Silverwings Credit and Finance Private Limited | ₹2.02 Lakh (FY 2025) | •••• | •••• | 14.0% | •••• | Mumbai, Maharashtra, India |
Peers are the five companies nearest above and the five nearest below Simplify Credit Advisory by revenue in the Ecommerce and Internet industry (Finance), from the latest filed financials of each company. Net profit, margin and employee counts of each peer are in the company report.
Auditor Details of Simplify Credit Advisory Private Limited
Simplify Credit Advisory Private Limited is audited by G. D. Apte & Co for the financial year 2023.
| Name | Status | Appointment Date | Cessation Date |
|---|---|---|---|
| G. D. Apte & Co | Locked | Locked | Locked |
Complete auditor history
Appointment and cessation dates and past auditor changes are in the company report.
- Appointment status
- Appointment dates
- Cessation dates
- Auditor changes
Verified entity values are shown only after access is granted.
Board of Directors of Simplify Credit Advisory Private Limited
Simplify Credit Advisory has 2 current directors and 6 former directors. Current directors are listed first, with their designation and appointment date.
| Name | Designation | Appointment Date | Tenure | Status |
|---|---|---|---|---|
| Nalin Sunil Agrawal | Director | 28 Dec 2016 | 9 Years 9 Months | As last reported |
| Anil Gelra Kumar | Director | 15 Jul 2022 | 4 Years 3 Months | As last reported |
Ownership and Shareholding of Simplify Credit Advisory Private Limited
Shareholding and ownership data
Promoter, institutional, public and beneficial ownership figures are in the company report.
- Ownership categories
- Historical changes
- Group structure
- FII and DII holdings
Verified entity values are shown only after access is granted.
Charges & Borrowings of Simplify Credit Advisory Private Limited
Simplify Credit Advisory Private Limited does not have any charges (loans) registered with the Registrar of Companies.
Deals & Funding of Simplify Credit Advisory Private Limited
Simplify Credit Advisory Private Limited has 6 deals on record (5 secondary share transfers, 1 acquisition); the latest was in March 2019.
Deals on record (5 of 6)
| When | Deal | Amount | Parties |
|---|---|---|---|
| Mar 2019 | Secondary share transfer | Undisclosed | Buyer: Snapmint Credit Advisory Private Limited & Rahul Agarwal Seller: Snapmint Credit Advisory Private Limited |
| Apr 2018 | Acquisition | Undisclosed | Buyer: Snapmint Credit Advisory Private Limited Seller: 2 individuals |
| Mar 2018 | Secondary share transfer | Undisclosed | Buyer: Snapmint Credit Advisory Private Limited Seller: an individual |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: 2 individuals Seller: an individual |
| Aug 2017 | Secondary share transfer | Undisclosed | Buyer: an individual Seller: an individual |
Full deal history
All 6 deals with amounts, valuations, instruments and every party are in the company report.
- Every funding round and share transfer
- Amounts and valuations
- Investors, buyers and sellers
- Instruments and deal dates
Verified entity values are shown only after access is granted.
Deal records are compiled from filings and public sources; amounts are shown only where the source reported them.
Employees and EPFO Compliance at Simplify Credit Advisory Private Limited
Employment history and EPFO contributions of people linked to Simplify Credit Advisory.
Employee and EPFO history
Monthly headcount, contribution history and filing status are in the company report.
- Monthly headcount
- PF contributions
- ECR filing status
- Establishment history
Verified entity values are shown only after access is granted.
CIN History of Simplify Credit Advisory Private Limited
Simplify Credit Advisory has one previous CIN (Corporate Identification Number): U74120MH2015PTC269227. The current CIN is U65923MH2015PTC269227, which is the unique identifier assigned by the Registrar of Companies.
| CIN | Status |
|---|---|
| U65923MH2015PTC269227 | Current |
| U74120MH2015PTC269227 | Previous |
Recent Activity on Simplify Credit Advisory Private Limited
Simplify Credit Advisory Private Limited has 8 board changes on record since 2016: 2 appointments and 6 cessations. The latest: Anil Gelra Kumar ceased to be Additional Director on 29 Sep 2022.
Credit Ratings, Litigation & Regulatory Alerts for Simplify Credit Advisory Private Limited
Credit ratings, litigation, and regulatory alerts
Credit ratings, court records and regulatory alerts are in the company report.
- Rating history
- Court and tribunal cases
- Regulatory alerts
- Director-linked violations
Verified entity values are shown only after access is granted.
MSME Payment Delays by Simplify Credit Advisory Private Limited
MSME payment history
Amounts due to small suppliers, the reasons given and MSME-1 filings are in the company report.
- Outstanding amounts
- Delay periods and reasons
- MSME-1 filing history
- Vendor payment signals
Verified entity values are shown only after access is granted.
Subsidiaries & Group Companies of Simplify Credit Advisory Private Limited
Corporate group structure
Parent, subsidiary, associate and joint venture records with holdings are in the company report.
- Parent company
- Subsidiaries and ownership
- Associates and joint ventures
- Entity investments
Verified entity values are shown only after access is granted.
GST Compliance of Simplify Credit Advisory Private Limited
Simplify Credit Advisory has 1 GST registration on record, and it has been cancelled or is inactive. Only active GST numbers are listed on this page.
GST registrations and filing compliance
State-wise GST registrations, return filing status and HSN or SAC codes are in the company report.
- GSTIN registrations
- State-wise filing status
- HSN and SAC details
- Tax jurisdiction records
Verified entity values are shown only after access is granted.
MCA Filings & Documents of Simplify Credit Advisory Private Limited
MCA filings and documents
Filed forms, annual returns, financial statements and charge filings with their dates are in the company report.
- Incorporation documents
- Annual returns and statements
- Charge filings
- Complete filing index
Verified entity values are shown only after access is granted.
Related news about Simplify Credit Advisory Private Limited
Frequently Asked Questions about Simplify Credit Advisory Private Limited
Simplify Credit Advisory has a status of "Struck Off" as per MCA records. This means the company has been officially removed from the Register of Companies, typically due to non-filing of annual returns or failure to commence business within one year of incorporation. A struck-off company cannot enter into any legal contracts or agreements, and any dealings with such an entity carry significant legal and financial risk.
Simplify Credit Advisory was a private limited company based in Navi Mumbai, Maharashtra, India. The company worked in computer programming, within the information technology industry. It was incorporated on 13 October 2015 and is registered under CIN U65923MH2015PTC269227. The company has been struck off by the Registrar of Companies and is no longer operational.
Simplify Credit Advisory had 2 directors:
- Nalin Sunil Agrawal - Director
- Anil Gelra Kumar - Director
The CIN (Corporate Identification Number) of Simplify Credit Advisory is U65923MH2015PTC269227. It is issued by the Ministry of Corporate Affairs under the Companies Act, 2013, and uniquely identifies the company in India.
The registered office of Simplify Credit Advisory is at Unit No – 205 Building No.3 Sector – 3 Millennium Business Park Mahape, Navi Mumbai, Maharashtra, India – 400710.
Simplify Credit Advisory was incorporated on 13 October 2015. It is registered with the Registrar of Companies, Mumbai.
Simplify Credit Advisory can be reached through the website snapmint.com. Its registered office is in Navi Mumbai, Maharashtra, India.
Simplify Credit Advisory reported revenue of ₹2.04 Lakh for FY 2023 (down 38% YoY).
Simplify Credit Advisory has an authorised share capital of ₹25 Lakh and a paid-up capital of ₹5 Lakh.
Simplify Credit Advisory reported a net profit of ₹51,711 (net margin 25.4%) and EBITDA of ₹55,861 (EBITDA margin 27.4%) for FY 2023, as per its filed financial statements.
No. Simplify Credit Advisory has 1 GST registration on record and it is cancelled or inactive.